Slick brochures with puppies and cute kids often don’t tell you about the key terms of the six-figure legal contract you sign when buying a jet card
Jet cards are gaining popularity as private jet flyers, new and old, look for fixed one-way pricing and guaranteed availability. There is often an urge to buy and fly – fast. If you’ve never bought a jet card before, you may view it as booking a hotel or an airline ticket. That’s a big mistake.
There are multiple ways jet card companies source aircraft. Here’s your guide to the differences and how they matter
Where does your jet card get the airplanes that will fly you?
There are over 50 companies that offer jet cards and while some buyers care only about price, as in the lowest hourly rate, at least at the beginning of their search, I find most subscribers end up taking a more holistic view. For one reason, just looking at the hourly rate can be misleading. Some jet cards quote rates inclusive of the 7.5% Federal Excise Tax while others aren’t. Some programs also have surcharges for fuel, CPI escalators, extra fees for using busy airports, and many have varying peak-day surcharges. If you fly out of your primary service area, your fixed rate may no longer apply, and you may have to pay ferry fees and extra charges, so while some programs have global service areas, others are regional or national.
To compare private jet membership programs you have to ask the right questions
Private jet card membership programs provide a convenient way to pre-pay for private aviation travel. Rather than committing long-term to fractional ownership or needing to negotiate with a charter broker trip-by-trip, individuals sign up for a program with a contractual set of guarantees so that booking a flight is as easy as one call or tapping on an App. However, to find the right one for your needs, you need to do a little homework.